Inflation is decreasing, the world is shaking in stock market chill and it is speculated whether the Swedish Central Bank will lower the interest rate by as much as 0.5 percentage points next week. This is what Christina Sahlberg sees as an explanation for the recent decreases.
It's starting to get cheaper for banks to borrow and then there are some that are moving a bit ahead of the Swedish Central Bank's decision.
Further Decreases
She predicts that we will see further decreases, likely even before the Swedish Central Bank has given any notice.
And if we don't, there will be a whole cascade of decreases afterwards. If the Swedish Central Bank then lowers by a whole half percent, the banks will more or less lower by half a percent on their variable rates as well, so there will be big movements ahead.
Good news for those with mortgages, but also an opportunity to negotiate with the bank or even switch.
I think that now that it's going down quickly, there will be bigger changes between the banks and then it can be a good opportunity to switch banks or negotiate with the bank.
Not Complicated
She believes that many may be hesitant to negotiate, but explains that it's not that complicated.
All you need to do is call your bank and say that you want a better discount because the other customers have it if you look at the average interest rate. If you don't get it, it's just a matter of calling a new bank and asking what rate you can get from them. Then you can just choose the one that gives the best alternative. You don't need any special knowledge.
She doesn't believe in fixing interest rates at present.
If you look at it purely economically, I think it's a good idea to wait a bit, because the interest rates are on their way down and even the fixed ones will decrease more.
On August 7, Swedbank and Länsförsäkringar lowered the mortgage interest rate on loans with binding periods between one and ten years.
Landshypotek Bank lowered all mortgage interest rates, including the variable rate with a three-month binding period.
On August 8, Handelsbanken lowered its mortgage interest rates, including the variable one.
On August 9, Skandia lowered the interest rate on mortgages for all maturities, including the three-month rate.
